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Jan 24, 2013
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for spending cuts for every dollar in debt ceiling raised. that is not what you got this time. and you have put the focus on senate democrats, a political tactic, perhaps a very successful one. but is that really a tactical retreat? >> i don't think so at all, chuck. and i was curious to hear steny's comments about this being a gimmick. 86 democrats supported the bill that we had on the floor yesterday, the no budget, no pay, so clearly they didn't think it was a gimmick. this was a bipartisan effort. look, if you look at the goal, we've got to get our fiscal house in order, we've got to balance the budget, and in order to do that, the senate actually has to produce a budget, which they haven't done in nearly four years. the house has had budgets for each of the last two years that actually get to balance. so what we did, in this bill, is to say to the senate, look, you've got to do a budget. families do budgets, businesses do budgets, employers do budgets. the senate has not done a budget in nearly four years, so this is the challenge for th
for spending cuts for every dollar in debt ceiling raised. that is not what you got this time. and you have put the focus on senate democrats, a political tactic, perhaps a very successful one. but is that really a tactical retreat? >> i don't think so at all, chuck. and i was curious to hear steny's comments about this being a gimmick. 86 democrats supported the bill that we had on the floor yesterday, the no budget, no pay, so clearly they didn't think it was a gimmick. this was a...
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Sep 13, 2013
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the white house doesn't want to negotiate on the debt ceiling and republicans say we need to cut spending equal to the level that the debt ceiling would be raised. how this gets resolved is completely -- nobody has any idea right now and there's only a few more weeks before we hit the debt ceiling. >> and this is a political weapon that's the most useless piece of policy probably ever enacted by congress. >> but it's also a tool to remind the congress, though, that there's real people out there in this country who are faced with debt and it's a reality to them, you know. if their home is mortgaged and they have got a car payment and, you know, they have got everything on credit cards and they don't pay their bills and they don't, you know, keep their debt down, they have got a problem. so i think, you know, congress needs to at least listen to what your average person out there is saying about it. >> but on this one, tony, here's the irony. the deficit is on our trajectory in a better place than it was the last couple of times. >> yeah, it is. but having spending fights is great. but the
the white house doesn't want to negotiate on the debt ceiling and republicans say we need to cut spending equal to the level that the debt ceiling would be raised. how this gets resolved is completely -- nobody has any idea right now and there's only a few more weeks before we hit the debt ceiling. >> and this is a political weapon that's the most useless piece of policy probably ever enacted by congress. >> but it's also a tool to remind the congress, though, that there's real...
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Jan 2, 2013
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ceiling and the automatic cuts that have now been put off? >> well, look, they set out to roll john boehner in the house of representatives and in the end, john boehner got rolled. and john boehner said at one point in his career, not too long ago, that thanltd happen, but the writing was on the wall. at 2:00 in the morning, the night before last, wherever that was, chris, new year's eve, i guess, the night of new year's eve, 98-8 in the senate. they expected this to sweep away all the opposition, and ultimately, that's what happened, but not without a whole lot of drama yesterday. john boehner knew, the day after the election, when he approved in the raeburn room and said he was willing to give on revenues, $800 billion worth, just not by closing loopholes and simplifying a tax code and things of that nature, but not by raising rates. he saw the writing on the wall. everybody knew what the president had campaigned on, on that $250,000 threshold. obviously, the white house, a lot of smart people here knew that boehner had no flexibility. the
ceiling and the automatic cuts that have now been put off? >> well, look, they set out to roll john boehner in the house of representatives and in the end, john boehner got rolled. and john boehner said at one point in his career, not too long ago, that thanltd happen, but the writing was on the wall. at 2:00 in the morning, the night before last, wherever that was, chris, new year's eve, i guess, the night of new year's eve, 98-8 in the senate. they expected this to sweep away all the...
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Feb 28, 2013
02/13
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lending the sequester and increasing the debt ceiling later. again, it was a miscalculation. the escape act that saved the day during the fiscal cliff fight is not there right now. here's why. one of the congressional bodies that democrats control, republicans cannot cut a deal because the top two democrats can't cut a deal. look at what they were front row seats to. they are both up for reelection in 2014 in their states that produced the following in 2010 and 2012. the most glaring examples of what compromise could cost. rand paul and ted cruz. they are well-understood. senator ron johnson this weekend said what all of us were thinking. >> i don't believe that speaker boehner would be speaker if that happens. i think he would lose our speakership. that is my personal opinion. >> if he does another deal with taxes in it. they are equally ham strung. they are evident at nearly every moment. take yesterday. >> can broadcast from springfield put it this way. hold strong and do not give in to more spending. >> people don't come to texas because they want handouts. they come beca
lending the sequester and increasing the debt ceiling later. again, it was a miscalculation. the escape act that saved the day during the fiscal cliff fight is not there right now. here's why. one of the congressional bodies that democrats control, republicans cannot cut a deal because the top two democrats can't cut a deal. look at what they were front row seats to. they are both up for reelection in 2014 in their states that produced the following in 2010 and 2012. the most glaring examples...
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Jan 9, 2013
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the debt ceiling, the continuing resolution to fund the government, and then the sequester spending cuts that have been delayed for 60 days. no one in the republican conference is talking about a default on our sovereign debt. but we do need to use these moments to address the spending explosion that we've seen in the last four years of the obama administration. >> are you saying you want to say debt ceiling, maybe set that aside and focus more on the other two? >> i'm saying the treasury has more than enough tax receipts every month to pay the interest on our sovereign debt. so there's nobody but barack obama who's talking about a default on our sovereign debt. we can prioritize payments on a monthly basis to ensure there's no default. then we can have the hard negotiations necessary to get spending back under control. >> you are saying, hey, don't raise the debt ceiling. make treasury -- >> unless there's real spending cuts, unless there's real structural reform -- >> even though this is about previous spending? you were a business consultant. it is hard to sit there looking backwards.
the debt ceiling, the continuing resolution to fund the government, and then the sequester spending cuts that have been delayed for 60 days. no one in the republican conference is talking about a default on our sovereign debt. but we do need to use these moments to address the spending explosion that we've seen in the last four years of the obama administration. >> are you saying you want to say debt ceiling, maybe set that aside and focus more on the other two? >> i'm saying the...
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Jan 14, 2013
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the reality is, an agreement that has taxes in, spending cuts, but also the debt ceiling would not be a negotiation. >> and jennifer, what's interesting, i keep hearing from republican leadership. they would love to actually, they don't want, the debt limit is not where they want to have this focus. they want it on the government shutdown, the continuing resolution, but they don't know how to get their members to see it the way they see it. >> that's right. a long time ago in the ages of 2011, they thought that using the debt ceiling was a great idea and got them great leverage. they have climbed up the mountain and rig down the mountain so many times with this president. >> climbed down the mountain. i think it was a -- >> good point. talk about a cliff. but, you're right. they don't really want to play that game. they don't want to be accused of not paying the country's bill, but how do thaw use that leverage in order to finally get to cuts, which the president said will be coming, but never seems to come in their lives. >> back to the white house here, boy, the markets would love t
the reality is, an agreement that has taxes in, spending cuts, but also the debt ceiling would not be a negotiation. >> and jennifer, what's interesting, i keep hearing from republican leadership. they would love to actually, they don't want, the debt limit is not where they want to have this focus. they want it on the government shutdown, the continuing resolution, but they don't know how to get their members to see it the way they see it. >> that's right. a long time ago in the...
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Oct 22, 2013
10/13
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what's the continuing resolution and the debt ceiling should be leveraged on. and i think we need to have changes in obama care, but shutting down the government and the debt ceiling require us, require us to look at our spending levels, which have just gone through the roof. >> i'm going to play a sound bite of senator ted cruz. i'm going to get you to respond on the other side. take a listen. >> when "the new york times" did a story and they began by saying, well, gosh, there are a lot of people in washington unhappy that this cruz fella is doing all this stuff. what do the people in texas think? and "the new york times" wrote this article where they said holy cow, people in texas actually like what this guy's doing. >> your reaction? do you think he's still in a kamikaze mission? >> well, i think making the defunding of obama care as the reason to not lift the debt ceiling and continue government was the wrong approach. i think we need to do a lot here. i voted against it. i was there on christmas eve voting against it. every republican did. but i think when
what's the continuing resolution and the debt ceiling should be leveraged on. and i think we need to have changes in obama care, but shutting down the government and the debt ceiling require us, require us to look at our spending levels, which have just gone through the roof. >> i'm going to play a sound bite of senator ted cruz. i'm going to get you to respond on the other side. take a listen. >> when "the new york times" did a story and they began by saying, well, gosh,...
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Feb 20, 2013
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the debt ceiling cost them $1.3 billion in borrowing costs. it cost money to plan for the contingencies they're started to plan for. >> nick, does what happens in washington give you more confidence in the economy or less confidence, and it's not surprising, a lot less confidence. >> one problem here i think is an accountability problem. i'm not sure people know who to blame for what, on what's happening right now. it is so convoluted. if you ask on your poll how many people can say what the sequester is, i would be surprised if it was a high number. so all this blame gaming is theater. but the problem is people don't know what exactly is being played. who wins, who loses. all they know is there's some kind of grade lock. this big bad thing is going to happen and it hurts them. >> we're getting word from the pentagon and they're putting out the threat of furloughs. leon panetta's still secretary of defense until they decide whether or not to confirm chuck hagel. charleston, military town, very much supported by the military. this could be wher
the debt ceiling cost them $1.3 billion in borrowing costs. it cost money to plan for the contingencies they're started to plan for. >> nick, does what happens in washington give you more confidence in the economy or less confidence, and it's not surprising, a lot less confidence. >> one problem here i think is an accountability problem. i'm not sure people know who to blame for what, on what's happening right now. it is so convoluted. if you ask on your poll how many people can say...
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Jan 7, 2013
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the whole debt ceiling business. the domestic and defense cuts postpone for two months by the fiscal cliff deal kick in. also known as sequester around these parts. of course, march 27th, the big the continuing resolution that funds the entire government expires. that may be where things truly heat up. mitch mcconnell drew a line in the sand saying though republicans are willing to work on tax reform as part of upcoming budget negotiations, new tax revenue is, "absolutely off the table." >> we've resolved the tax issue now. it's over, it's behind us. >> the tax issue is over. >> the tax issue is over, finished, completed. >> that may be mcconnell's view and not the view from the white house or democrats. they say new revenue is needed, mainly by scaling back tax breaks for the welty. >> these loopholes where people can park their money on some island off shore and not pay taxes, these are things that need to be closed. we can do that and use the money to reduce the deficit. >> is that done now? is the revenue side of
the whole debt ceiling business. the domestic and defense cuts postpone for two months by the fiscal cliff deal kick in. also known as sequester around these parts. of course, march 27th, the big the continuing resolution that funds the entire government expires. that may be where things truly heat up. mitch mcconnell drew a line in the sand saying though republicans are willing to work on tax reform as part of upcoming budget negotiations, new tax revenue is, "absolutely off the...
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May 13, 2013
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on the economy, conservatives are chomping at the bit to use the upcoming debt ceiling debate as a weapon to force new spending cuts and tax reform. the problem is, middle class americans may not see how the republican agenda helps them. in february, majority leader eric cantor suggested they have to explain why their plan is everyone, not just protecting the rich. >> for the next two years our house majority will pursue an agenda that is based on a shared vision of creating the conditions of health, prosperity for more americans and their families. >> haven't reflected the efforts to sell their policies as a benefit for the middle class, but others claim it could be done. this is how president reagan introduced his tax legislation before he signed it in 1986. >> the bill i'm signing today is not only a historic overhaul of his tax code and sweeping victory for fairness, but also the best antipoverty bill, the best pro-family measure and the best job creation program ever to come out of the congress of the united states. >> another issue fueling party divisions is climate change downplaye
on the economy, conservatives are chomping at the bit to use the upcoming debt ceiling debate as a weapon to force new spending cuts and tax reform. the problem is, middle class americans may not see how the republican agenda helps them. in february, majority leader eric cantor suggested they have to explain why their plan is everyone, not just protecting the rich. >> for the next two years our house majority will pursue an agenda that is based on a shared vision of creating the...
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Jan 11, 2013
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are you willing to see cuts in government spending? are you willing to see reforms in medicare and social security that deal with parts of this debt problem the country has? >> well, i'll tell you. i've always been an advocate for responsible spending. i think government needs to be delivering services for people in a cost effective way. and now we have not only an opportunity, but an obligation to do that. find ways to spend smarter. that's what i stood for in the state legislature, drill down into budgets, find ways to more effectively deliver for people. so that is absolutely what i'm committed to doing. you know, in my position, in addition to working on the task force on gun violence in the house, i'm also on transportation and infrastructure. and science. and those are two great persons to look for how we lay the foundation for economic growth, for jobs in our communities. and that is going to have to be key part of this battle. >> okay. elizabeth esty, democrat from connecticut, new member of congress where newtown is. i know a
are you willing to see cuts in government spending? are you willing to see reforms in medicare and social security that deal with parts of this debt problem the country has? >> well, i'll tell you. i've always been an advocate for responsible spending. i think government needs to be delivering services for people in a cost effective way. and now we have not only an opportunity, but an obligation to do that. find ways to spend smarter. that's what i stood for in the state legislature,...
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Jan 3, 2013
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ceiling increase, and it is very, very specific. i think if the white house would go ahead and show us what those $1 trillion in cuts -- again, that no one has ever seen. nobody on the face of the earth has ever seen outside -- i don't think it exists, candidly. but if they would put that out right now, chuck, this debate could move along so much more quickly. and we could look like adults here, instead of having to use leverage points to get us to a place to save this nation. i mean, this is all about one thing, is it not? and that is us having the courage to lay our cards out on the table, in public, and save this country. and there's no question that we have to have entitlement reforms. in medicare, chuck, and i know you know this. maybe your listening audience may not. people who use medicare today pay for one-third of its cost. one-third. and there are 20 million more americans coming on medicare over this next decade. now, you have to be a lunatic to not want to address that issue now so that it's here for future generations.
ceiling increase, and it is very, very specific. i think if the white house would go ahead and show us what those $1 trillion in cuts -- again, that no one has ever seen. nobody on the face of the earth has ever seen outside -- i don't think it exists, candidly. but if they would put that out right now, chuck, this debate could move along so much more quickly. and we could look like adults here, instead of having to use leverage points to get us to a place to save this nation. i mean, this is...